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Robinhood vs TD Ameritrade

Robinhood is a free way to trade stocks with limited bells and whistles. How does it compare to TD Ameritrade? Read our comparison chart below.

Robinhood offers $0 stock trades by cutting out physical offices and manual account management. Only basic stock trading can be performed on the mobile app. There is no minimum deposit or maintenance fee, though there is an optional paid premier customer tier starting at $5/month.

While TD Ameritrade offers $0 commission online stock, ETF, and option trades. This online broker also has more than 100 branch locations. There is no minimum deposit, no maintenance fee, and no inactivity fee.

Compare Robinhood with TD Ameritrade, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 RobinhoodTD Ameritrade
 Visit SiteVisit Site
 

Robinhood

TD Ameritrade

OFFER
Get a Free Stock (worth between $2.50 and $225) - Learn More

Read Robinhood Review

OFFER
Commission-Free Trading - Online Stock, ETF and Option Trades - Learn More

Read TD Ameritrade Review

 

Benefits and Features

Stock Trading
$0
$0 commission for online stock, ETF, and option trades
Options Trading
$0
$0.65 per contract
Annual FeeAll trades are commission-free. No platform fees. 
Minimum Deposit
$0
$0
Mutual Fund Trading
No
$0 for no-transaction-fee mutual funds
$49.99 for no-load mutual funds
$0 for load mutual funds
Commission Free ETFsAll U.S. listed ETFs
550+ Commission-Free ETFs
Phone Support
No
 
Live Chat Support
No
 
Email Support
Yes
 
Human Advisors
No
 
Robo Advisor
No
 
Penny Stocks 
Check
Tax Loss Harvesting
No
 
Goal Tracker
No
 
Automatic Deposits
Yes
 
Broker Assisted Trades
Not available
$25
Customer Service 
(800) 669-3900 (Open 24/7)
Good For
Beginners; Active traders
 
Inactivity Fee
$0
$0
Maintenance Fee
$0
$0
Online Platform
Yes
 
iPhone App
Yes (4 stars, 3.2m ratings)
 
Android App
Yes (1.4 stars, 360k ratings)
 
BankingNo service fees for Robinhood Cash Management account. Free debit card with no in-network ATM fees or foreign transaction feesCash Management account offers free ATM withdrawals, no monthly maintenance fees, free online bill pay, and free check writing.
Mobile App
Yes
Check
Desktop App 
Thinkorswim
Two-Factor Authentication
Yes
 
Forex Trading 
Check
Futures Trading $2.25 per contract (plus exchange & regulatory fees)
Locations
No
More than 100 locations in 34 states
Online Community
No
 
Seminars
No
Online webcast
Virtual Trading
No
Paper Trading to practice/test strategies and ideas.
Fractional Shares
Yes
 
Taxable Accounts
Yes
 
401k Plans
No
 
IRA Accounts
No
 
Roth IRA Accounts
No
 
SEP IRA Accounts
No
 
Trust Accounts
No
 
529 Plans
No
 
 

CreditDonkey® Reviews

 RobinhoodTD Ameritrade
Stock TradingStarStarStarStarStarStarStarStarHalf StarEmpty Star
Options TradingStarStarStarStarEmpty StarStarStarStarStarEmpty Star
Mobile AppStarStarStarStarEmpty StarStarStarStarStarStar
Commissions and FeesStarStarStarStarStarStarStarStarHalf StarEmpty Star
Ease of UseStarStarStarStarStarStarStarStarStarStar
ResearchStarEmpty StarEmpty StarEmpty StarEmpty StarStarStarStarStarStar
BankingStarStarStarStarEmpty Star
Online CommunityStarStarStarEmpty StarEmpty Star
Trading PlatformStarStarStarStarStar
Pros & ConsPros:
  • Commission-free trades
  • No minimum
  • Extended trading hours
Cons:
  • No IRAs
  • Limited research
  • No mutual funds & bonds
Pros:
  • Easy to Use
  • Thinkorswim Platform
  • Customer Service
Cons:
  • Trade Fees
Bottom LineFree way to trade stocks with limited bells and whistles... Read full reviewGood online broker for long-term investors... Read full review
 Visit SiteVisit Site

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Robinhood: Pricing information from published websites as of 04/18/2020.

TD Ameritrade: Pricing information from published website as of 07/18/2019.

TD Ameritrade: TD Ameritrade has not influenced the content of CreditDonkey. CreditDonkey may earn compensation for accounts opened at TD Ameritrade.

TD Ameritrade

Commission-Free Trading - Online Stock, ETF and Option Trades

Applies to U.S. exchange-listed stocks, ETFs, and options. A $0.65 per contract fee applies for options trades, with no exercise or assignment fees.

Which is Better: Robinhood or TD Ameritrade?

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Robinhood or Ally Invest.

In short: Robinhood's stock trading and commissions and fees are impressive. TD Ameritrade's mobile app and research are impressive.


Articles on Robinhood

Robinhood Review

Robinhood lets you trade stocks commission-free and has no account minimums. Is it safe? Are there hidden fees? Read on for the pros and cons.

Robinhood App

Thinking about trading on Robinhood? Good job on getting started investing! But first, there are 7 things you need to know before investing on Robinhood.

Articles on TD Ameritrade

TD Ameritrade Review

TD Ameritrade fees are higher than competitors, but is it worth it? We say yes and here's why. We analyze and compare it for you in our in-depth review.

TD Ameritrade Customer Service

TD Ameritrade offers 24/7 customer service - both online and on the phone. But the best way to actually contact TD Ameritrade may surprise you. Read on.

Which Do You Think is Best?





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